Kalmar and Rainbow-Cargotec Industries celebrate the opening of new jetty in China, and showcase the latest RTG developments

CARGOTEC CORPORATION, TRADE PRESS RELEASE, 2 MARCH 2017 AT 3 PM (EET)

Kalmar, part of Cargotec, and Rainbow-Cargotec Industries Co., Ltd (RCI) celebrate today the opening of a new jetty in Taicang, China and introduce the latest Kalmar RTG developments.

The new jetty will support Kalmar's business growth in the Asia-Pacific region by enabling the deliveries of fully erect Kalmar yard cranes from RCI. The jetty can berth vessels of up to 50,000 DWT capacities. It is 361 metres long and the water depth is 12 metres.

RCI is a joint venture established in Taicang, Jiangsu Province, China, in 2012 between Cargotec Corporation and Jiangsu Rainbow Heavy Industries. RCI is responsible for the production of Kalmar rubber-tyred gantry cranes (RTG), automatic stacking cranes (ASC), rail-mounted gantry cranes (RMG) and ship-to-shore cranes (STS) for the global markets. The first RTG deliveries by the joint venture took place in 2013, and all deliveries have been completed on time and in budget.

Speaking at the event, Timo Alho, Vice President Intelligent Crane Solutions at Kalmar says: "Our RTG development is driven by safety, productivity and green values, which are very high on the industry agenda. To improve productivity, we have developed different driver assisting features that make it possible to squeeze seconds out from each container cycle. Automation is growing the demand for intelligent safety solutions, and we at Kalmar are developing automated RTGs that meet the demand."

He continues: "Nowadays, operators are very conscious about their carbon footprint. We provide RTGs with energy efficient hybrid power units and zero emission fully electric cranes, which are becoming more and more popular especially in Asia."

The opening ceremony attendees include members of the Board of Cargotec Corporation together with representatives of Jiangsu Rainbow Heavy Industries, RCI, Kalmar, Taicang Runhe Port, guests of Taicang government as well as international and local media.

Kalmar offers the widest range of cargo handling solutions and services to ports, terminals, distribution centres and to heavy industry. Kalmar is the industry forerunner in terminal automation and in energy efficient container handling, with one in four container movements around the globe being handled by a Kalmar solution. Through its extensive product portfolio, global service network and ability to enable a seamless integration of different terminal processes, Kalmar improves the efficiency of every move. www.kalmarglobal.com

Kalmar is part of Cargotec. Cargotec's (Nasdaq Helsinki: CGCBV) sales in 2016 totalled approximately EUR 3.5 billion and it employs over 11,000 people. www.cargotec.com